EBI Regulatory Report #175

Business graphs and charts on table. Financial development, Banking Account, Statistics

EBI Report
Economic Policy and Financial Regulation Measures:
International, EU and Euro Area Levels
(12 May 2024)

Professor Dr. Christos V. Gortsos and Daphne Farmaki
(Law School, National and Kapodistrian University of Athens)

All previous entries have been put in 3 archives, which can be retrieved here.

Main developments during the period 29 April – 10 May 2024:

10 May
  • ECB/Eurosystem: Decisions taken by the Governing Council of the ECB (in addition to decisions setting interest rates)
  • IOSCO: welcome of IESBA’s consultation on the Proposed International Ethics Standards for Sustainability
8 May
  • Directive (EU) 2024/1306 of the European Parliament and of the Council of 29 April 2024 amending Directive 2013/34/EU as regards the time limits for the adoption of sustainability reporting standards for certain sectors and for certain third-country undertakings (OJ L, 2024/1306, 8.5.2024)
  • SRB Annual Conference 2024 Report
  • ESMA: publication of latest edition of its newsletter
7 May
  • EBA: publication of final draft technical standards under the Markets in Crypto-Assets Regulation (MiCAR)
  • ESMA: request for input on assets eligible for UCITS
6 May
  • ECB Opinion of 30 April 2024 on a proposed regulation and directive on payment and electronic money services (CON/2024/13)
  • EBA: main achievement in 2023
  • ESRB: Recommendation of the European Systemic Risk Board of 8 December 2023 amending Recommendation ESRB/2015/2 on the assessment of cross-border effects of and voluntary reciprocity for macroprudential policy measures (ESRB/2023/13) (OJ C, C/2024/3114, 6.5.2024)
3 May
  • ECB Decision (EU) 2024/1209 of 16 April 2024 on the remuneration of non-monetary policy deposits held with national central banks and the European Central Bank (ECB/2024/11) (OJ L, 2024/1209, 3.5.2024)
  • ECB Guideline (EU) 2024/1210 of 16 April 2024 amending Guideline (EU) 2019/671 on domestic asset and liability management operations by the national central banks (ECB/2019/7) (ECB/2024/12) (OJ L, 2024/1210, 3.5.2024)
  • ECB Guideline (EU) 2024/1211 of 16 April 2024 on the Eurosystem’s provision of reserve management services in to central banks and countries located outside the euro area and to international organisations (ECB/2024/13) (recast) (OJ L, 2024/1211, 3.5.2024)
  • ECB/SSM: Guide on effective risk data aggregation and risk reporting
2 May
  • European Commission: Questions and Answers on the Economic Governance Review
  • OECD: Economic outlook: Steady global growth expected for 2024 and 2025
  • EBA: start of collecting information on natural persons through its AML/CFT database, EuReCA
  • Commission Notice on the interpretation and implementation of the transitional provision laid down in Regulation (EU) 2024/791 of the European Parliament and of the Council amending Regulation (EU) No 600/2014 as regards enhancing data transparency, removing obstacles to the emergence of consolidated tapes, optimising the trading obligations and prohibiting receiving payment for order flow (OJ C, C/2024/2966, 2.5.2024)
  • European Parliament and Council: Corrigendum to Regulation (EU) 2023/1114 of the European Parliament and of the Council of 31 May 2023 on markets in crypto-assets (MiCAR) (OJ L, 2024/90275, 2.5.2024)
30 April
  • Regulation (EU) 2024/1263 of the European Parliament and of the Council of 29 April 2024 on the effective coordination of economic policies and on multilateral budgetary surveillance and repealing Council Regulation (EC) No 1466/97 (OJ L, 2024/1263, 30.4.2024)
  • Council Regulation (EU) 2024/1264 of 29 April 2024 amending Regulation (EC) No 1467/97 on speeding up and clarifying the implementation of the excessive deficit procedure (OJ L, 2024/1264, 30.4.2024)
  • Council Directive (EU) 2024/1265 of 29 April 2024 amending Directive 2011/85/EU on requirements for budgetary frameworks of the Member States (OJ L, 2024/1265, 30.4.2024)
  • Basel Committee on Banking Supervision: Consultation on Guidelines for counterparty credit risk management
  • ESAs risk update: risks remain high in the EU financial system
  • ESMA: publication of annual transparency calculations for non-equity instruments, bond liquidity data and quarterly SI calculations
29 April
  • Financial Stability Board: FSB Asia Group discusses enhancing cross-border payments and risks arising from artificial intelligence and climate change
  • Committee on Payments and Markets Infrastructures (CMPI): Service level agreements for cross-border payment arrangements
  • EBA: identification of new types of payment fraud and proposes measures to mitigate underlying risks and protect consumers from resultant losses
  • ESMA: agreement with investment restrictions on GBP liability driven investment (LDI) funds in Ireland and Luxembourg